Parties Create World-Class Small Satellite Production Company to Build BlackSky Constellation

Paris, September 15, 2017 – The Space Alliance, formed by Thales Alenia Space (Thales 67%, Leonardo 33%) and Telespazio (Leonardo 67%, Thales 33%), today signed a partnership with the US-based company Spaceflight Industries which includes the following elements:

A minority investment in Spaceflight Industries, which through its BlackSky business, has developed a geospatial platform and plans to build and operate a constellation of 60 small high-resolution observation satellites featuring very short revisit times;

The creation of an industrial Joint Venture in the United States between Thales Alenia Space and Spaceflight Industries specialized in the production of small satellites;

The implementation of a Joint Cooperation and Marketing Agreement between Telespazio and BlackSky enhancing their respective product and analytics portfolios on the market.

“This partnership reflects the ‘new space’ transformation strategy being implemented by Thales Alenia Space, with the ultimate aim of becoming a major manufacturer of small observation satellites constellations featuring short revisit times, both in Europe and the United States,” said Jean-Loïc Galle, President and Chief Executive Officer of Thales Alenia Space.

“This partnership with two leaders in the European space industry accelerates our BlackSky business plan by funding our constellation, minimizing our constellation production risk, and reducing our time to market within key market segments,” said Jason Andrews, Chairman and Chief Executive Officer of Spaceflight Industries.

The Earth observation market is undergoing constant changes, with an increasing focus on requirements that combine high resolution and much shorter revisit times. Thales Alenia Space, Spaceflight Industries and Telespazio are combining their strengths to offer a constellation of small satellites that will be deployed in conjunction with a smart ground segment to offer services at very competitive prices by calling on massive and automated data/image processing. The result is a disruptive product, designed not only for traditional customers in the commercial observation market, but also to support the development of new vertical B2B markets, such as mining, energy, transport, finance, agriculture, industry and environment, and even B2C.

The agreement will be finalized pending all required regulatory authorizations.

Combining 40 years of experience and a unique diversity of expertise, talents and cultures, Thales Alenia Space architects design and deliver high technology solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments, institutions and companies rely on Thales Alenia Space to design, operate and deliver satellite-based systems that help them position and connect anyone or anything, everywhere, help observe our planet, help optimize the use of our planet's – and our solar system’s – resources. Thales Alenia Space believes in space as humankind’s new horizon, which will enable to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services and solutions. Thales Alenia Space posted consolidated revenues of about 2.4 billion euros in 2016 and has 7,980 employees in nine countries. www.thalesaleniaspace.com

Telespazio, a Leonardo and Thales 67/33 joint venture, is one of the world’s leading operators in satellite services. Its activities range from the design and development of space systems to the management of launch services, from in-orbit satellite control to Earth observation, from integrated communications, satellite navigation and localisation services to scientific programmes. Telespazio plays a leading role in the reference markets harnessing technological experience acquired over the years. Since its establishment, the company has participated in major European space programmes such as Galileo, EGNOS, Copernicus and COSMO-SkyMed. In 2016, Telespazio generated sales of EUR 577 million while employing approximately 2,500 people in eight countries.

Dedicated to improving our planet and society from the high vantage point of space, Spaceflight Industries’ distinct approach removes the complexities and high cost that once prohibited the majority of organizations from getting to space and observing our planet. Through its services Spaceflight and BlackSky, the company is enabling timely and affordable access to space while redefining how we observe our planet in real time across every spectrum. This combination of innovative satellite design, rideshare launch offerings, global communications networking, and a geospatial intelligence platform provide the insights that transform how we view ourselves and the planet on which we live. Founded in 1999, the Seattle-based company has a well-earned track record of success on a global scale. Visit www.spaceflightindustries.com for more information.